Primo Water Corp Stock Equity Positions Weight
| PRMW Stock | CAD 33.79 1.08 3.30% |
Primo Water Corp fundamentals help investors to digest information that contributes to Primo Water's financial success or failures. It also enables traders to predict the movement of Primo Stock. The fundamental analysis module provides a way to measure Primo Water's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Primo Water stock.
Primo | Equity Positions Weight |
Primo Water Corp Company Equity Positions Weight Analysis
Primo Water's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Primo Equity Positions Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for Primo Water is extremely important. It helps to project a fair market value of Primo Stock properly, considering its historical fundamentals such as Equity Positions Weight. Since Primo Water's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Primo Water's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Primo Water's interrelated accounts and indicators.
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Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
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According to the company disclosure, Primo Water Corp has an Equity Positions Weight of 0.0%. This indicator is about the same for the Beverages average (which is currently at 0.0) sector and about the same as Consumer Staples (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
Primo Water Current Valuation Drivers
We derive many important indicators used in calculating different scores of Primo Water from analyzing Primo Water's financial statements. These drivers represent accounts that assess Primo Water's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Primo Water's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.9B | 1.8B | 2.4B | 2.5B | 2.4B | 2.5B | |
| Enterprise Value | 4.5B | 3.1B | 4.0B | 4.1B | 3.3B | 3.5B |
Primo Fundamentals
| Return On Equity | 0.0581 | ||||
| Return On Asset | 0.0328 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 6.35 B | ||||
| Shares Outstanding | 160.31 M | ||||
| Shares Owned By Insiders | 3.08 % | ||||
| Shares Owned By Institutions | 91.55 % | ||||
| Number Of Shares Shorted | 482.82 K | ||||
| Price To Book | 2.76 X | ||||
| Price To Sales | 2.93 X | ||||
| Revenue | 1.77 B | ||||
| Gross Profit | 1.29 B | ||||
| EBITDA | 358.8 M | ||||
| Net Income | 63.8 M | ||||
| Cash And Equivalents | 122.6 M | ||||
| Cash Per Share | 0.61 X | ||||
| Total Debt | 1.43 B | ||||
| Debt To Equity | 1.33 % | ||||
| Current Ratio | 0.78 X | ||||
| Book Value Per Share | 9.07 X | ||||
| Cash Flow From Operations | 350.3 M | ||||
| Short Ratio | 3.88 X | ||||
| Earnings Per Share | 0.66 X | ||||
| Price To Earnings To Growth | 0.54 X | ||||
| Target Price | 29.33 | ||||
| Beta | 1.17 | ||||
| Market Capitalization | 5.42 B | ||||
| Total Asset | 3.52 B | ||||
| Retained Earnings | 167.2 M | ||||
| Working Capital | 439.8 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.68 % | ||||
| Net Asset | 3.52 B | ||||
| Last Dividend Paid | 0.34 |
About Primo Water Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Primo Water Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Primo Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Primo Water Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Primo Water
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Primo Water position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Primo Water will appreciate offsetting losses from the drop in the long position's value.Moving against Primo Stock
The ability to find closely correlated positions to Primo Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primo Water when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Primo Water - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Primo Water Corp to buy it.
The correlation of Primo Water is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Primo Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primo Water Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Primo Water can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Primo Stock
When determining whether Primo Water Corp is a strong investment it is important to analyze Primo Water's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primo Water's future performance. For an informed investment choice regarding Primo Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primo Water Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.